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Please show all your calculations 1. A corporation has a times interest earned ratio of 6, and the interest expense is $1,000,000. Also, the cash

Please show all your calculations

1. A corporation has a times interest earned ratio of 6, and the interest expense is $1,000,000. Also, the cash coverage ratio is 7. Assuming that sales revenue is $15,000,000 and other operating expense is $2,000,000, calculate the amount of cost of goods sold.

2. A corporation has a net income of $2,000,000 and a profit margin of 25%. Total asset turnover is 20% and the current ratio is 2, while the amount of current liabilities is $5,000,000. Calculate the amount of fixed assets.

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